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Latest Business News

Tanzania highlighted as a market for investment

Tanzania was once again highlighted as a growth market, and diplomatic participation from Tanzania as well as the Australian government was encouraging for exploration businesses. Australia's investments in Tanzania are a clearly encouraging indication and a reflection of its commitment to reentering the continent with BHP's return to the Tanzanian nickel market. The inauguration of a consulate earlier this year demonstrates the Australian government's desire to maintain the.... Read more »

Posted on : Monday , 2nd October 2023

Kenya and a British Corporation Have Struck a Deal to Build a 1,000 MW Dam

The High Grand Falls Dam Construction Project, which will cost billions and began approximately ten years ago, has foreseen an important turning point as the Kenyan Government just signed the first agreement with the British Construction Company that was given the contract. The National Irrigation Authority and GBM engineering firm concluded a contract, and as a consequence, the project contractor has been granted permission to build an irrigation camp in the counties of Tharaka and.... Read more »

Posted on : Monday , 16th October 2023

$3.24 Billion to be Invested in Tanzania SGR Construction by Spain

Tanzania SGR project foresaw another major step as country of Spain via Export Credit Agency has shown interest in the funding of of the Standard Gauge Railway (SGR) construction project by issuing loans, loans guarantees and insurance to the companies of the country that will be given the contract of establishing the railway which will run from Makutupora to Mwanza and from Tabora-Morogoro all the way to Malagarasi. This decision made by the country has been reached as a result of.... Read more »

Posted on : Friday , 29th September 2023

Rwanda Signs An Agreement For A Nuclear Test Reactor

Nuclear research and development organization the Rwanda Atomic Energy Board (RAEB) has inked a deal with Canadian-German nuclear technology firm Dual Fluid for the development of a nuclear reactor pilot project in the East African country. The reactor is expected to be operational by year 2026 and will use a nuclear fusion prototype comprising 1 liquid fuel and 1 lead coolant of circulating fluids to produce low-cost energy. First testing of the technology will be completed by.... Read more »

Posted on : Tuesday , 26th September 2023

Kenya and the UK Sign a MoU to Support Market Access and Business Integrity

NAIROBI, Kenya, Thursday Sep 21 - Kenya and the UK marked a reminder of figuring out (MoU) on market access and business respectability between the Ministry of Investments, Trade, and Industry (MITI) and the British Chamber of Commerce Kenya (BCCK). The MoU, which was seen by the UK State head's Exchange Emissary Theo Clarke, empowers MITI and BCCK to distinguish and suggest regions for change in Kenya's business administrative climate. One of the ways of working with this.... Read more »

Posted on : Tuesday , 26th September 2023

Prez Hassan's Visit to Strengthen Ties between Tanzania and India

The developing ties among India and Tanzania might enter a basic stage with President Samia Suluhu Hassan's true visit to New Delhi, said government authorities. The visit is huge given that it follows a progression of conciliatory missions by India's outer undertakings serve S. Jaishankar to Africa, and Tanzania's essential situation as the section point for India to the landmass, as expressed by the pastor during his visit to the country in July, one of the authorities said on.... Read more »

Posted on : Tuesday , 26th September 2023

One Electric Starts Production in Kenya and Plans Further African Expansion

One Electric has set up a joint endeavour with a Kenyan vehicle fabricating organization to start creation of its Kridn electric cruisers. One Electric is likewise planning to begin creation at a second plant in Kenya, with creation set to start in two months. One Electric likewise has plans to set up a battery producing plant in Africa before the years over, with plans to extend further in Africa, Ocean and LATAM. Mumbai-based electric bike start-up One Electric has.... Read more »

Posted on : Tuesday , 26th September 2023

Extension of Sustainable Agriculture Development Cooperation Agreement between Rwanda and Rhineland-Palatinate

The Minister of Horticulture and Creature Assets, Ildephonse Musafiri, and the Clergyman of Financial Issues, Transport, Farming, and Viticulture of the Government Territory of Rhineland-Palatinate, Daniela Schmitt, on Thursday, September 21, marked a joint letter of expectation broadening participation in practical farming improvement in Rwanda. "The participation will zero in on the turn of events and presentation of a computerized data framework for practical modernized.... Read more »

Posted on : Tuesday , 26th September 2023

Coca-cola Beverages Africa Switches to Clear-looking Bottles for its Dasani Water.

The largest beverage manufacturer in Africa, Coca-Cola Beverages Africa in Kenya, has announced that it will transition to Dasani water bottles for both the 500ml and 1L Packs in an effort to be more environmentally responsible and give its customers a more modern appearance. The PET (Polyethylene Terephthalate) used to make the clear bottles is highly recyclable, making it possible to produce new bottles with minimal environmental impact through easy collection, sorting and.... Read more »

Posted on : Monday , 18th September 2023

Kenya Announces Green Hydrogen Roadmap and Strategy with Support from EU and Global Gateway

At the inaugural African Climate Summit in Nairobi, President of the European Commission Ursula von der Leyen and President of Kenya William Ruto unveiled the Green Hydrogen Strategy and Roadmap for Kenya, in collaboration with Global Gateway, Europe’s investment initiative for global sustainability. The comprehensive roadmap, developed with expertise from the European Union, outlines Kenya’s ambitions for the green hydrogen sector from 2023 to 2032 and beyond. It highlights.... Read more »

Posted on : Wednesday , 13th September 2023

To provide Tanzania with Affordable Solar Energy, d.light has Secured $125 Million

The Eastern and Southern African Trade and Development Bank Group (TDB) has granted $30 million to d.light, which offers eco-friendly goods and the funding to low-income households worldwide. With this funding, d.light will be better able to expand Tanzania's availability of renewable energy by purchasing up to $125 million of receivable assets. The funding will be used to expand the business's securitized financing facility in Tanzania and its Pay-Go personal finance service,.... Read more »

Posted on : Wednesday , 13th September 2023

The National Cooling Action Plan has been Implemented in Kenya

The National Cooling Action Plan for Kenya (NCAP), consisting of a review of the Kenyan regulatory framework, an evaluation of the nation's cooling sector, as well as a short- and medium-term action plan was formally launched on June 14, 2023 by Kenya's Ministry of Environment, Climate Change and Forestry. According to Kenya's Nationally Determined Contributions (NDC), the nation has committed to reducing its emissions of greenhouse gases by 32% or 143 Mt CO2 eq, by.... Read more »

Posted on : Wednesday , 13th September 2023




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